Key Market Indicators
Chinese lighting imports are projected to grow significantly over the next five years, reaching approximately $385 million by 2028. This marks an increase from about $332 million in 2023, with an annual compound growth rate (CAGR) of 2.3%. Since 1997, demand for lighting products in China has risen by an average of 3.1% each year. On the export front, Chinese lighting products are set to hit nearly $20.7 billion by 2028, up from around $17.5 billion in 2023. This represents an average annual growth rate of 2.6%. Over the long term, Chinese lighting exports have seen a robust increase, growing by 5.1% per year since 1997.
